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EURCHF Analysis 10.10.2019

Analysis based on round-number levels, price channels and modified Elliot Waves

The resistance level of 1.0937 held back buyers. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator indicator signals oversoldness. An H2 level upward pattern and the wave C internal pattern (M15 level) are turncated, which indicates the weakness of buyers.

Trading recommendations:

Buy as a descending wave pattern is forming, where the wave A breaks the inclined channel of the H2 level ascending structure, completing it.

Stop Loss at the resistance level 1.0937.

Target levels - 1.0870; 1.0831.

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